The marital home is a common point of contention for couples in New Jersey going through the divorce process. In some cases, the fight is so bitter that courts get involved and end up ordering the property sold and the proceeds split. Other times, one party may agree to let their soon-to-be-ex buy them out so that they can keep the home. Even if the best intentions are behind such a move, there are some potential legal issues associated with arrangements like this.
When a woman gets divorced, her income falls by about 20 percent on average. When a man gets divorced, his income goes up by about 33 percent on average. However, there are steps that women in New Jersey and around the country can take to help secure their retirement after their marriage comes to an end. In many case, it may not be best to keep a marital home because of the overall cost of doing so.
Children of some wealthy families in New Jersey may face pressure from their parents to create and sign a prenuptial agreement. This is often not because of any issue the parents have with the child's future spouse but simply an effort to keep the family wealth from going to that spouse in the event of a divorce.